Origination

Widespread efforts to save money couldn't entirely counteract the impact of continually rising commissions, compensation and other costs.

Jobs numbers, inflation data and the continued debate over raising the debt ceiling are factors applying upward pressure.

Contract closings decreased 3.4% last month to an annualized pace of 4.28 million, according to data released Thursday by the National Association of Realtors.

Excluding farms and residential properties, banks accounted for more than 60% of the $3.6 trillion in commercial real estate loans outstanding in the fourth quarter of 2022, with smaller institutions particularly exposed, according to the Federal Reserve's semi-annual Financial Stability Report published last week.

After dropping to a low of more than 40% last year, the recent rally in homebuilders represents a massive rebound from last June's slump and a testament to what appears to be a gradual recovery in home construction. 

Both Flagstar and Deephaven tout the practice of sharing their market expertise with the mortgage brokers and bankers doing business with them.

As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.

The 30-year conforming rate surged to its highest point since March, driving borrower activity downward, the Mortgage Bankers Association said.

Beginning home construction rose 2.2% to a 1.4 million annualized rate, according to government data released Wednesday.

Lenders who have started using these have saved up to 71% compared to all hard inquiries, Blend's co-founder says.